·Export pipeline monopoly in talks with U.K. buyers: Deputy CEO
·U.K. to become more reliant on imported fuel in future
Gazprom PJSC is in talks to ramp up natural gas sales in the U.K. as coal plants are
shuttered and the nation’s biggest storage site is closed for good.
“We see an appetite from major players in the U.K. for additional volume of
contracted gas,” Deputy Chief Executive Officer Alexander Medvedev said in an
interview in Prague on Thursday, declining to provide further details on negotiations.
“Our supplies to the U.K. increased substantially in the course of the last two years.”
The world’s biggest gas producer sees an opportunity to sell more of the fuel
after Centrica Plc announced it would close its Rough storage facility in the
North Sea and the nation plans to stop using coal-fired plants by the middle of
next decade. Medvedev expects Britain to increase imported volumes by 8
billion to 12 billion cubic meters a year by 2025.
By Ladka Mortkowitz Bauerova and Kelly Gilblom
June 23, 2017, 9:45 AM GMT+3 June 23, 2017, 12:44 PM GMT+3
·Bill provides over $50 billion in addition to subsidy payments
·McConnell says final vote may come as early as next week
Senate Republican leaders issued a long-awaited health-care proposal aimed at
winning over both the moderate and conservative wings of their party, but
their draft bill was immediately opposed by a group of four GOP senators.
Senator Rand Paul of Kentucky said he and three other conservative
Republicans — Ted Cruz of Texas, Ron Johnson of Wisconsin and Mike Lee of
Utah — oppose the version released Thursday and intend to negotiate as a
team to improve it. Their opposition could threaten passage of the bill. For the
measure to clear the Senate, Republicans can only afford to lose two GOP votes
amid unanimous Democratic opposition.
By Steven T. Dennis, Laura Litvan and Zachary Tracer
June 22, 2017, 5:40 PM GMT+3 June 23, 2017, 1:45 AM GMT+3
·London set to lose if clearing is forced to relocate to EU
·Austria’s Kern says it makes sense to give ECB extra tools
The European Central Bank made a play for power over London’s lucrative
clearing industry, cranking up the pressure on an issue that has become a flash
point in the Brexit talks that began this week.
The Frankfurt-based ECB is pushing for a change to the European Union
law that provides the legal basis for its monetary policy. It seeks “clear legal
competence in the area of central clearing” of euro-denominated financial
contracts, giving it more control over non-EU clearinghouses — including
those in the U.K. after Brexit — that are deemed systemically important to the
bloc’s financial markets.
The ECB has mounted an increasingly aggressive campaign in recent weeks for
control of clearing, a business dominated by London-based firms led by
London Stock Exchange Group Plc, majority owner of the world’s largest
clearinghouse, LCH. Bank of France Governor Francois Villeroy de Galhau said
on Thursday that the power to force major non-EU firms to move their
clearing business into the EU is the “only viable mechanism” to ensure the
ECB can manage risks to financial stability.
By Alessandro Speciale
June 23, 2017, 9:43 AM GMT+3 June 23, 2017, 2:42 PM GMT+3
·Revenue was $244 million, below estimate of $265.4 million
·Shares drop as much as 11 percent before paring some losses
BlackBerry Ltd.’s string of recent success may have hit a snag.
The Canadian company, which exited the hardware business last year, missed
analysts’ estimates for total revenue, the majority of which is now made up of
software sales. Revenue excluding some costs was $244 million in the fiscal
first quarter compared with the average analyst estimate of $265.4 million.
The shares fell 5.2 percent to $10.49 in early market trading at 7:58 a.m. in
By Gerrit De Vynck
June 23, 2017, 2:04 PM GMT+3 June 23, 2017, 3:22 PM GMT+3